GBPUSD Intraday: Bullish bias above 1.3130
|EUR/USD
Limited upside.
Stay on top of the markets with Swissquote’s News & Analysis
Pivot (invalidation): 1.1565
Our preference
Long positions above 1.1565 with targets at 1.1595 & 1.1610 in extension.
Alternative scenario
Below 1.1565 look for further downside with 1.1540 & 1.1515 as targets.
Comment
A support base at 1.1565 has formed and has allowed for a temporary stabilisation.
GBP/USD
Bullish bias above 1.3130.
Pivot (invalidation): 1.3130
Our preference
Long positions above 1.3130 with targets at 1.3165 & 1.3185 in extension.
Alternative scenario
Below 1.3130 look for further downside with 1.3095 & 1.3065 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
USD/JPY
Turning up.
Pivot (invalidation): 111.70
Our preference
Long positions above 111.70 with targets at 112.25 & 112.50 in extension.
Alternative scenario
Below 111.70 look for further downside with 111.50 & 111.30 as targets.
Comment
The RSI calls for a new upleg.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.